Louisiana State Employees Retirement System Reduces Holdings in Qorvo, Inc. $QRVO

Louisiana State Employees Retirement System lowered its position in Qorvo, Inc. (NASDAQ:QRVO) by 47.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,800 shares of the semiconductor company’s stock after selling 20,800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Qorvo were worth $2,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Qorvo during the 2nd quarter valued at about $153,994,000. LSV Asset Management boosted its position in shares of Qorvo by 118.0% during the second quarter. LSV Asset Management now owns 1,382,970 shares of the semiconductor company’s stock valued at $117,428,000 after buying an additional 748,589 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Qorvo by 63.6% during the second quarter. Rafferty Asset Management LLC now owns 1,214,482 shares of the semiconductor company’s stock valued at $103,122,000 after buying an additional 472,211 shares during the period. Dorsal Capital Management LP bought a new position in shares of Qorvo during the second quarter valued at approximately $34,389,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Qorvo by 82.8% in the second quarter. Assenagon Asset Management S.A. now owns 763,654 shares of the semiconductor company’s stock worth $64,842,000 after buying an additional 345,929 shares during the period. Institutional investors own 88.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Cfra Research raised Qorvo to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Qorvo in a report on Monday, December 29th. Morgan Stanley set a $110.00 price objective on shares of Qorvo and gave the company an “equal weight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised shares of Qorvo from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $92.00 to $105.00 in a research report on Tuesday, November 4th. Finally, UBS Group raised their target price on shares of Qorvo from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $101.47.

Qorvo Stock Down 1.3%

NASDAQ:QRVO opened at $81.78 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.20. Qorvo, Inc. has a 1-year low of $49.46 and a 1-year high of $106.30. The company has a 50-day moving average of $86.01 and a 200 day moving average of $88.20. The firm has a market cap of $7.56 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.48 and a beta of 1.36.

Qorvo (NASDAQ:QRVO) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.03 by $0.19. Qorvo had a net margin of 5.95% and a return on equity of 13.30%. The business had revenue of $1.06 billion during the quarter. During the same quarter in the prior year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Qorvo has set its Q3 2026 guidance at 1.650-2.050 EPS. As a group, research analysts anticipate that Qorvo, Inc. will post 4.09 EPS for the current fiscal year.

Qorvo Company Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.